Forum Financial Management LP Buys 21,691 Shares of TotalEnergies SE (NYSE:TTE)

Forum Financial Management LP lifted its stake in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 35.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,033 shares of the company's stock after purchasing an additional 21,691 shares during the quarter. Forum Financial Management LP's holdings in TotalEnergies were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its stake in TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after purchasing an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. boosted its stake in TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock valued at $309,851,000 after purchasing an additional 1,672,387 shares in the last quarter. Royal Bank of Canada boosted its stake in TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock valued at $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Federated Hermes Inc. boosted its stake in TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in TotalEnergies during the 4th quarter valued at $156,044,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTE shares. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. HSBC reissued a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Citigroup raised TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. Finally, Piper Sandler raised their price objective on TotalEnergies from $62.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

TotalEnergies Trading Up 0.3%

Shares of TTE stock traded up $0.17 on Thursday, reaching $58.46. 583,831 shares of the stock were exchanged, compared to its average volume of 1,623,635. The stock has a market cap of $140.17 billion, a PE ratio of 8.78, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies SE has a one year low of $52.78 and a one year high of $73.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a 50 day moving average price of $58.98 and a 200 day moving average price of $58.81.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the company posted $2.14 EPS. Equities research analysts forecast that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.